Plan Snapshot
- Plan Sponsor: Direct Mortgage Loans, LLC
- Sponsor EIN: 453143795
- Sponsor Address: 11011 MCCORMICK RD, HUNT VALLEY, MD, 21031
- Plan Type: 401(k)
- Total Participants: 247
- Total Assets: $5.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 247 | $5.5M | $0 | $973,721 |
| 2023 | 163 | $4.1M | $0 | $599,009 |
| 2022 | 134 | $3.2M | $0 | $761,691 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RICHEY MAY & CO, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RICHEY MAY & CO, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $7,320 | — | $7,320 | — | — |
| 2023 | $2,960 | — | $2,960 | — | — |
| 2022 | $13,650 | $1,496 | $12,154 | — | — |